Issue: March 2013 / May 2013
Editorials

FIRST WORD

The Institute of Retirement Funds looks to be on its last legs.it's terribly sad. Trustees still need a voice the IRF was supposed to have provided. Now more dysfunctional then ever, it can’t.Read more...


LITIGATION

Curators are attacking the big institutions. Standard Bank, Absa and Old Mutual are in their lines of fire. All are defending, and Standard has some initial success before an appeal tribunal in an ongoing R700m arbitration.Read more...


CURRENTS

There might not be much of a Rocklands “scandal” after all; FSB explains surplus payments from the “Ghavalas option” pension funds; PIC presents the case for remaining as it is; Sanlam’s Van Zyl points to industry challenges from the “regulation rampage”; Tricky insurance for trustees; SA responsible investment gets flattering attention in international journal; merger of NMG and Jacques Malan.Read more...


COVER STORY

There should be leaps forward in consumer financial literacy from adoption of the Financial Sector Charter. Institutions are obliged to make significant investments. To spend them well will satisfy a gaping social need, and potentially grow the savings market.Read more...


TRAINING

Principal Officers Association shows advances to recognised professionalization. It fits snugly with what National Treasury and the FSB want.Read more...


FUND ADMINISTRATION 1

The decision by Old Mutual to close its administration business for standalone funds has ignited controversy. Others will continue to offer the service, but there can be no question that the trend for consolidation into umbrella arrangements is accelerating.Read more...


FUND ADMINISTRATION 2

Sensing opportunity, some smaller administrators suggest that
umbrellas aren’t necessarily what they’re cracked up to be.
These arrangements aren’t always suitable for everybody, and
there’ll always be a need for standalones.Read more...


FUND GOVERNANCE

Workplace interaction – between trustees of umbrella funds, employers and employees – remains imperative. So also does trustee independence from umbrellas’ sponsors. Member committees, representing employers and employees of umbrella constituents, have a vital role.Read more...


FINANCIAL NOTICES

Too few companies are so far taking advantage of the JSE dispensation on newspaper advertising. They should be giving it more thought, not merely for the sake of compliance but mainly for promoting the stakeholder inclusivity that they’re supposed to support.Read more...


BENEFITS BAROMETER

Alexander Forbes has produced comprehensive research,
made the more useful by electronic facilities for comment and discussion. The report again illustrates an unsatisfactory state of play, grist to the mill of National Treasury’s
initiatives.Read more...


BUDGET 2013

Pravin Gordhan has introduced a new savings vehicle with
exciting possibilities that need to be properly explored. He’s
also moving to implement retirement-fund reforms. Those on
governance will have specific impacts for trustees.Read more...


RESPONSIBLE INVESTING

Transparency of shareholder activism is impeded by
institutions’ and asset managers’ nominee accounts for
pension funds. Getting to the bottom of how CRISA and Reg
28 are being applied is an outstanding defect in the STRATE
dematerialization system of uncertificated shares.Read more...


RETIREMENT PLANNING

It can all be done some much more simply. There’s an
obsession with form as opposed to substance, unnecessarily
confusing and costly to investors.Read more...


BLACK EMPOWERMENT

Gold Fields as a case study. What does chair-turnedpolitician
Mamphela Ramphele think of it now?Read more...


GRAVY

After Marikana, Lonmin searches for its SA
shareholders.Read more...


Expert Opinions